Record Breaking Powerball Jackpot Leads To Record Breaking Commissions!

The Powerball drawing takes place every Wednesday and Saturday night at 10:59 p.m. from Tallahassee, Fla.

The victor or winners of the $1.5 billion Powerball prize will be very wealthy but not a billionaire. The Multi-State Lottery Association, which runs the Powerball lottery, had changed the odds of getting all of the matching Powerball numbers in the fall from about one in 175 million to one in 292.2 million.

“Sales are doing exponentially more than we’ve ever done before”, he said, adding that they were more than double what they were before the last record USA jackpot of $656m in March 2012 – won by ticket holders. This means that NY businesses licensed by the State Division of the Lottery to sell tickets for the drawing are winning too.

On Saturday, no ticket matched the $950 million jackpot. About 95 percent of Powerball tickets have computer-generated numbers.

The Powerball jackpot has now climbed to a historic $1.4 billion – more than double the previous record for a USA lottery jackpot.

With the Powerball jackpot the highest it’s ever been, everybody’s looking for an edge in this week’s drawing.

The cash value of the prize is $930 million before taxes, according to powerball.com and winners have 180 days from the drawing to claim their prize.

Take a drive. The only way to legally purchase a Powerball ticket is from a licenced retailer.

The U.S. saw sales of $277 million on Friday alone and more than $400 million were expected Saturday, according to Gary Grief, the executive director of the Texas Lottery, the Associated Press reported.

The inquiries include many myths and misconceptions about the winners, the prize money and the system that decides them. “We don’t have packages, just whatever amounts you want”, he said.

If do you beat the odds, you’ll get to choose between being paid $1.4 billion through annual payments over 29 years or one cash payment of $867 million.

USA law does not, however, forbid foreigners from buying tickets or winning the lottery the report stated.

But after various taxes, including federal, state and local, the victor is estimated to walk away with just $422.2 million.